Trade Allbirds, Inc. - BIRD CFD

Allbirds Inc Company profile

About Allbirds Inc

Allbirds, Inc. (Allbirds) is a global lifestyle brand that innovates with naturally derived materials to make footwear and apparel products. The Company's products include men's shoes, women's shoes, men's apparel, women's apparel, socks and gift cards. It offers various categories of shoes such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, weather repellent shoes, flats and sandals. Allbirds apparel offerings include activewear, tops, bottoms, sweaters and underwear. The Company's product, the Wool Runner is made up of merino wool combined with its SweetFoam sole, made with the carbon-negative green ethylene-vinyl acetate (EVA). Its products are made up of materials from natural sources such as tree fiber, sugarcane, crab shells, and others.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Allbirds Inc revenues increased 27% to $277.5M. Net loss increased 75% to $45.4M. Revenues reflect United States segment increase of 26% to $209.8M, Retail Sales - United States increase of 26% to $209.8M. Higher net loss reflects Selling, General, and Administrative Ex increase of 40% to $102.7M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.18 to -$0.31.